Meet Andre Cronje......
He built a blockchain network with a total lock-in value of $160 billion – and then lost all of it
A new chain was re-launched, earning $850 million
That's the crazy story 🧵👇 of the creator of DeFi who completely reinvented it
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1/ Originating from South Africa
André Cronje was born in Cape Town, South Africa.
From 2001 to 2003, he pursued a Bachelor of Laws at Stellenbosch University.
After that, he struggled to transition.
In 2005, he completed a 3-year computer science program at CTI Education Group in just 5 months.
Since then, programming has become a turning point in his life.
2/ Entering Cryptocurrency
In 2018, Crony entered the world of Web3:
- Lemniscap: Technical Analyst
- FUSION Foundation: Technical Director
- CryptoBriefing: Chief Crypto Code Reviewer (2018-2022)
He reviewed and analyzed the riskiest smart contracts in DeFi—learning everything from the inside out.
3/ Fantom Founder
While everyone was focused on Ethereum's congestion issues, Andre quietly moved forward.
In 2018, he helped launch Fantom and designed its unique Lachesis consensus—a fast smart contract architecture based on DAG.
It was dismissed as "just another ghost chain."
But Andre knew what was coming next.
4/ Yearn Finance
In January 2020, Andre launched iEarn, which was later renamed Yearn Finance (YFI).
It aggregates yield farming strategies and simplifies access to DeFi.
YFI has:
- No pre-mining
- No team allocation
- Fixed supply (30,000)
- Grants voting rights to the community
In 6 weeks: Market cap reached $1.1 billion.
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